{"id":689,"date":"2024-10-29T06:02:36","date_gmt":"2024-10-29T06:02:36","guid":{"rendered":"https:\/\/www.saldanha.in\/blog\/?p=689"},"modified":"2024-11-16T06:03:56","modified_gmt":"2024-11-16T06:03:56","slug":"home-loans-emerge-as-top-financing-choice-for-potential-home-buyers","status":"publish","type":"post","link":"https:\/\/www.saldanha.in\/blog\/home-loans-emerge-as-top-financing-choice-for-potential-home-buyers\/","title":{"rendered":"Home loans emerge as top financing choice for potential home buyers"},"content":{"rendered":"\n<p>Source: Hindustan Times ( <a href=\"https:\/\/bit.ly\/40IDIJc\">https:\/\/bit.ly\/40IDIJc<\/a> )<\/p>\n\n\n\n<p>As many as 80% of people who aspire to own property prefer to take a home loan for it. As many as 52% home buyers prefer apartments, followed by studio apartments at 19%, and independent houses or villas at 17%. Notably, gated communities and plots of land are less popular, chosen by only 7% and 5% of respondents, respectively.<\/p>\n\n\n\n<p>Location stands out as a priority and is the determining factor for 50% of respondents, affirming its timeless importance in real estate. However, the near-equal emphasis is also provided on the property size and layout (45%), price and affordability (45%), which suggests that homebuyers are equally focused on securing value for their money while looking for spaces that meet their lifestyle needs.<\/p>\n\n\n\n<p>Builder\u2019s reputation (35%) and proximity to the workplace (33%) play an important role, reflecting a strong demand for reliability and convenience, key factors that enhance buyer confidence in their long-term investment.<\/p>\n\n\n\n<p>Moreover, with amenities (32%) becoming more significant, buyers are not just purchasing homes, but are opting for enhanced living experiences, seeking integrated facilities like gyms, parks, or co-working spaces, it said.<\/p>\n\n\n\n<p>On the financial front, financing options (29%) and future resale value (22%) highlights that affordability and long-term investment potential remain crucial factors in the decision process, particularly as more buyers gravitate towards high-end homes, the report showed.<\/p>\n\n\n\n<p>Baby boomers favour investments but millennials prefer to upgrade their property. The reasons for purchasing a home show distinct generational difference.<\/p>\n\n\n\n<p>Overall, 37% of respondents are upgrading to a better home reflecting a growing shift towards mid-range and luxury housing which was traditionally concentrated in select cities but is now expanding to Tier 1 cities in India. The remaining 32% are first-time homebuyers for end-use, 25% are investing, and 7% cite other reasons, such as retirement or acquiring a second home or vacation home.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As many as 80% of people who aspire to own property prefer to take a home loan for it. As many as 52% home buyers prefer apartments, followed by studio apartments at 19%, and independent houses or villas at 17%. Notably, gated communities and plots of land are less popular, chosen by only 7% and 5% of respondents, respectively.<\/p>\n","protected":false},"author":1,"featured_media":680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":""},"categories":[22,4,34],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/689"}],"collection":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/comments?post=689"}],"version-history":[{"count":1,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/689\/revisions"}],"predecessor-version":[{"id":690,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/689\/revisions\/690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media\/680"}],"wp:attachment":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media?parent=689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/categories?post=689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/tags?post=689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}